The company posted a profit of $58 million for 2012, after posting a lost of $242.5 million in 2011.

“The entire industry celebrated its best year on record, and AMC celebrated the best year in its history in terms of total revenues,” AMC CEO Gerry Lopez said in a release. “We put smiles on almost 200 million guests’ faces in 2012, a level of attendance we haven’t seen since fiscal 2007. In 2013, we intend to build on this success with additional investments in the modernization of our fleet and enhancement of our food and beverage offerings, to ensure our guests have reasons to return to AMC again and again.”